New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-06
THE CABLE roof DISRUPTED.
WITHDRAWAL OF THE FRENCH COMPANY
DISSATISFIED WITH THE REDUCED RATEs-coMro-
SIrION OF THE POOL

DISSATISFIED WITH THE REDUCED EArES-COMFo-
sIuON OF THE FOOL
Recent rumors that the French cable Company was
n out to Withdraw from the cable pool were cOhbiNo
substantially yesterday by private dispatches from
Iaris. which stated that the company had gwen ior
nal notice Of III withdrawal. The news WAS corfo'
lorIed by published dispatch from Halifax annouh'-
ns that the superintendent OF the company at Sidney
cape Breton, was on HI. way 10 Ncw-iork on bu'E
ness connected with the withdrawal. At tAc New
York Office Superintendent Brown, who L. also agent
Of the Direct United States Company, said that ne
had received positive information on tho s"DIso''
hut that he had no special reason lor
Il scrcditng the report. II would not be necessary 20
luform him about the plans Of the company untll
e.me change in th- infringement Of tho Ncw-loTh
Office was made. Mr. Brown eNpre 'scd tho OPINION
that the V thdrawal would be the ruin OF tho com
pany. Tor 1t Wa, hardly possible tl"t II conhl earn
ou Of tho pool moro than present proportion OF
the combined earn igs.
ain the two or three years before tho company
TONED the pool" he asserted. "the company was not
abo 10 earn very much moro than IT, expenses Al
though the rltcs were then nfty cents word.
1o NOT see how il can Increase its bus ne-s by lcaV
IN. the pool nm c-s IL should make reduction III
ltc- and any reduction from the prevailing rir
would only Increase ns expenses. IT Is po'Sine
that the new boari OF directors has some plan III
view ly which the Inc will bo un ted In some way
with tho Mackay Bennett company, but even IN 'h''
case cannot see how the earnings OF tho company
Will Lc greatly Increased"
Dr NoryIn Green. president Of the Western Union
Telegraph Company, - that the French company
was going out Of the pool with "A view prob'oy oI
ncre,-ing the rItrs but it, act might havc an opfo
lie elect lie ~d that tho contract tot"ech the threo
European cOmpin g. and the American ''nio 'o'' =.
any was Of tho -trongc-t character. but "hclheI IL
coull lc enforced II the French company "l,hod 10
9. adc n was more than he couh rll' "os"i"
tn on director declared that the rnmors were uuc
and that the French company had glNoh holco Vi iV
withdrawal from the Tool. .,,
General Manager Warl, OF the Commercial 'dbo
Company, said that he hal no Information on N'
~ Iect although he had heard the rumor-. MI "anl
whs l,l -oily for few moments and then rcmathe''
vlyac.ously: "1hcre viii be a hua' aIop now. 'u''
eac that I do not know anything about IT,"
There have been four conpanies IN tho caple poor
the Anglo American, VII ch har fOur capo' shi -
,cyeA nearly - per cent OF the combined earning
the Direct rnitcl state, which has one cable anu
received a little over rs per cent. tho French con-
,auy which al.o hai one cable and received i li',"
over 10 per cent and the American cable ana IcH
rraph Company, which ha- Two cIpir' an" ~
cclt ed "A little over o. = per cent OF inc poor
reoeiut, The American Company was adhIt"u 70
the ooi In April 1859. and IT. pcrcentag" was hnad"
oili loual on the working of It's two ca los IL ono ono
only was in wording order IL percentage was 10 oo
~ IL per cent. After the contract WAS hi"'o Wv
couuanv WIS lea ed with tho consent OF tho Eur"pc
con,no,ics Ia the Western Union Telegraph Com
any with guarantee of per cent yearly on -
c,,it,I stock which increased to sl4'OOo""''
f. has Lccn known for n long tine that the fI'n'N
Contauy was dissatisfied with u' reduced I'''
IA rb have prevailed since the opening Of thc Ma'h'S
Uennctt cables AMI vi The small percentage all0Wei
: m Ike lool At the last general meeting OF tho
company, cary in octolcr, there waSa revolution III
thc mann cement and II new hoiri of directors WIS
elected. The I resident the only orccr VINO WIS
NOT doposed. Tic change the direct result of INC
int dih.It efIctOn tho stOt hbOlucTs.